The most recent development of hermeneutics in Germany is known as 'reception aesthetics' or 'reception theory', and unlike Gadamer it does not concentrate exclusively on works of the past. Reception theory examines the reader's role in literature, and as such is a fairly novel development. Indeed one might very roughly periodize the history of modern literary theory in three stages: a preoccupation with the author (Romanticism and the nineteenth century); an exclusive concern with the text (New Criticism); and a marked shift of attention to the reader over recent years. The reader has always been the most underprivileged of this trio--strangely, since without him or her there would be no literary texts at all. Literary texts do not exist on bookshelves: they are processes of signification materialized only in the practice of reading. For literature to happen, the reader is quite as vital as the author.